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Asia Pacific Automotive Lead Acid Battery Market

Asia Pacific Automotive Lead Acid Battery Market By Battery Type (Flooded, SLI, Absorbent Glass Mat, Enhanced Flooded Battery); By End Use (Passenger Cars, Light and Heavy Commercial Vehicles, 2 & 3 Wheelers); By Customer (OEM, Aftermarket) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Asia Pacific Automotive Lead Acid Battery Market Size 2023	USD 6,225.20 million
Asia Pacific Automotive Lead Acid Battery Market, CAGR	9.4%
Asia Pacific Automotive Lead Acid Battery Market Size 2032	USD 14,028.67 million

Market Overview

Asia Pacific Automotive Lead Acid Battery market size was valued at USD 6,225.20 million in 2023 and is anticipated to reach USD 14,028.67 million by 2032, at a CAGR of 9.4% during the forecast period (2023-2032).

The Asia Pacific automotive lead acid battery market is experiencing robust growth, driven by increasing vehicle production and rising demand for reliable, cost-effective energy storage solutions. The region’s expanding automotive industry, particularly in emerging economies like India and Southeast Asia, continues to fuel battery adoption in passenger and commercial vehicles. Government initiatives promoting sustainable transportation and infrastructure development further support market expansion. Additionally, the growing popularity of start-stop systems and enhanced flooded batteries (EFBs) in modern vehicles is boosting the demand for advanced lead acid batteries. The aftermarket segment also plays a key role, with rising vehicle parc and replacement cycles contributing to steady sales. Technological advancements aimed at improving battery efficiency, lifespan, and recyclability are shaping product innovation and competitive dynamics. As electric vehicle adoption gradually increases, lead acid batteries remain critical for auxiliary functions, ensuring their continued relevance in the evolving automotive landscape across the Asia Pacific region.

The Asia Pacific automotive lead acid battery market spans diverse geographies, with strong growth driven by emerging economies such as India, Indonesia, Vietnam, and the Philippines, where rising vehicle ownership and expanding transportation infrastructure fuel battery demand. Meanwhile, countries like China, Japan, and South Korea remain key hubs for automotive manufacturing and technological innovation, particularly in advanced lead acid battery systems. The region’s varied automotive landscape—from high-volume two-wheeler markets to technologically advanced passenger and commercial vehicle sectors—supports a wide range of battery applications. Prominent players shaping the market include Clarios, Exide Industries Ltd., Amara Raja Energy & Mobility Limited, Camel Group Co., Ltd., EnerSys, East Penn Manufacturing Company, and Leoch International Technology Limited. These companies focus on product innovation, manufacturing expansion, and strategic partnerships to strengthen their presence across both OEM and aftermarket channels. As the region embraces sustainability and electrification, these players continue adapting to evolving industry needs and regulatory frameworks.

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Market Insights

The Asia Pacific Automotive Lead Acid Battery market was valued at USD 6,225.20 million in 2023 and is expected to reach USD 14,028.67 million by 2032, growing at a CAGR of 9.4% from 2023 to 2032.
The Global Automotive Lead Acid Battery market was valued at USD 21,181.34 million in 2023 and is expected to reach USD 43,052.54 million by 2032, growing at a CAGR of 8.2% from 2023 to 2032.

Increasing vehicle production, especially in emerging economies, drives the demand for lead acid batteries across various vehicle types.
The market is benefiting from advancements in battery technologies like AGM and EFB, which enhance performance and fuel efficiency.
Aftermarket demand remains strong, with the growing vehicle parc and frequent battery replacements fueling steady sales.
Competition is intensifying with the rise of lithium-ion batteries, which may reduce lead acid battery demand in the long term.
Regulatory pressures related to environmental concerns and battery recycling are influencing the market dynamics.
China, India, and Japan dominate the market, but emerging Southeast Asian markets are showing significant growth potential.

Report Scope

This report segments the Asia Pacific Automotive Lead Acid Battery Market as follows:

Market Drivers

Rising Vehicle Production and Growing Automotive Sector

The Asia Pacific region, particularly countries like China, India, Japan, and South Korea, has witnessed significant growth in vehicle production over the past decade. The increasing demand for both passenger and commercial vehicles is a primary driver of the automotive lead acid battery market. For instance, China manufactured over 27 million vehicles in 2023, reinforcing the demand for lead-acid batteries. As urbanization accelerates and disposable incomes rise, more consumers are purchasing vehicles, boosting the demand for dependable battery solutions. Lead acid batteries continue to be the preferred choice for many automakers due to their cost-effectiveness, established supply chains, and proven performance in a wide range of vehicles. The consistent increase in automotive production directly fuels the demand for both OEM (original equipment manufacturer) and aftermarket battery solutions, reinforcing the market’s growth trajectory.

Strong Demand from Aftermarket and Replacement Segment

A key driver of the Asia Pacific automotive lead acid battery market is the expanding vehicle parc, which refers to the total number of vehicles in use. As this number grows, so does the need for battery replacements, typically every 3 to 5 years. For instance, the Asia Pacific automotive lead-acid battery market is witnessing strong demand from the replacement segment due to the growing number of vehicles in operation. This demand is especially strong in countries with large fleets of two-wheelers, passenger cars, and commercial vehicles. The aftermarket segment plays a crucial role in sustaining battery sales, as it ensures a steady demand cycle even in times of economic uncertainty. Moreover, consumer preference for affordable and readily available battery options further strengthens the market position of lead acid batteries. Distributors and service networks across the region ensure wide availability, contributing to consistent market performance.

Technological Advancements in Battery Design and Performance

Although lead acid battery technology is mature, continuous innovations have enhanced its relevance in the modern automotive landscape. The development of enhanced flooded batteries (EFBs) and absorbent glass mat (AGM) batteries has improved performance, durability, and charge acceptance. These advancements support the increasing integration of start-stop systems in vehicles, a feature commonly adopted to improve fuel efficiency and reduce emissions. Automotive OEMs in Asia Pacific are increasingly incorporating such systems, thereby driving demand for advanced lead acid batteries. Furthermore, technological improvements in recyclability and sustainability of lead acid batteries align with global and regional environmental regulations, making them a preferred choice over some more expensive alternatives.

Favorable Government Policies and Infrastructure Development

Government policies across the Asia Pacific region are increasingly supporting the growth of the automotive industry, indirectly boosting the demand for lead acid batteries. Incentives for vehicle manufacturing, investments in infrastructure, and initiatives to improve road connectivity contribute to increased vehicle usage. Countries like India and China have launched policies that encourage local manufacturing and support the development of the auto component sector, including battery production. While the shift toward electric vehicles (EVs) is gradual, lead acid batteries continue to play an essential role in EVs’ auxiliary systems and in hybrid vehicles. The adaptability of lead acid batteries to evolving regulatory environments and their established recycling systems also make them a sustainable choice in the face of tightening environmental standards.

Market Trends

Shift Toward Advanced Lead Acid Battery Technologies

The Asia Pacific automotive lead acid battery market is witnessing a notable shift toward advanced battery technologies such as Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM) batteries. These innovations offer improved performance, longer life cycles, and better compatibility with modern vehicle systems, especially start-stop functionalities. For instance, advancements in enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries are gaining traction in vehicles with start-stop systems, boosting the market’s growth potential. As automakers aim to meet stricter fuel efficiency and emission standards, EFB and AGM batteries are increasingly being adopted in mid-range and high-end vehicles. This trend reflects a broader market transition from conventional flooded batteries to technologically superior alternatives that offer greater reliability and durability in demanding driving conditions.

Growing Emphasis on Battery Recycling and Sustainability

Sustainability has become a key focus in the Asia Pacific battery industry, driving investments in efficient battery recycling programs. Lead acid batteries boast one of the highest recycling rates among battery types, making them an environmentally preferred option in many countries. For instance, Southeast Asia is emerging as a leader in battery recycling innovation, with advanced recycling technologies improving sustainability. Governments and manufacturers across the region are strengthening recycling regulations and infrastructure to ensure proper disposal and reuse of battery components. This growing emphasis on circular economy practices not only helps reduce environmental impact but also lowers raw material dependency. As consumers and businesses alike show greater environmental awareness, demand for recyclable and responsibly sourced batteries continues to rise.

Expanding Aftermarket Services and Distribution Channels

With an increasing number of vehicles on the road, the aftermarket segment for lead acid batteries is expanding rapidly across Asia Pacific. This trend is supported by improved service networks, greater availability of replacement batteries, and competitive pricing by regional and global battery suppliers. E-commerce platforms and online automotive part retailers are also contributing to this trend, making it easier for consumers to access and purchase lead acid batteries. Furthermore, regional players are strengthening their distribution channels in semi-urban and rural areas, where two-wheelers and low-cost vehicles dominate, ensuring deeper market penetration and consistent aftermarket growth.

Continued Demand from Internal Combustion Engine Vehicles

Despite the global shift toward electrification, internal combustion engine (ICE) vehicles still dominate the automotive landscape in the Asia Pacific region. Lead acid batteries remain the primary energy source for starting, lighting, and ignition (SLI) functions in ICE vehicles. While electric vehicles are gaining traction, the relatively slow pace of EV adoption in several emerging markets ensures continued demand for lead acid batteries in the foreseeable future. Additionally, hybrid vehicles—which also rely on auxiliary lead acid batteries—are becoming more prevalent. This ongoing reliance on ICE and hybrid vehicles secures a stable and sizable customer base for lead acid battery manufacturers across the region.

Market Challenges Analysis

Rising Competition from Lithium-Ion and Alternative Battery Technologies

One of the major challenges facing the Asia Pacific automotive lead acid battery market is the growing adoption of lithium-ion batteries and other advanced energy storage technologies. As electric vehicle (EV) production accelerates across the region, lithium-ion batteries are becoming the preferred choice due to their higher energy density, lighter weight, and longer life span. For instance, automotive OEMs in Asia Pacific are increasing investments in lithium-ion battery manufacturing, intensifying competition for lead-acid battery producers. Government incentives and stricter emissions regulations are also encouraging the transition toward EVs, which predominantly use lithium-ion systems. While lead acid batteries continue to serve critical roles in start-stop systems and auxiliary power, their share in the total battery mix is expected to decline as newer technologies gain traction. Additionally, several automotive OEMs are investing heavily in lithium-ion battery manufacturing and R&D, further intensifying competition and reducing the long-term growth potential for traditional lead acid batteries.

Environmental Concerns and Regulatory Pressures

Environmental and health concerns related to lead usage and improper battery disposal pose significant regulatory challenges for the lead acid battery industry. Although these batteries are highly recyclable, improper recycling practices in some parts of the Asia Pacific region—especially in informal or unregulated sectors—can lead to severe environmental degradation and public health risks. Governments are tightening environmental standards and imposing stricter compliance norms on battery manufacturing, handling, and recycling processes. For smaller manufacturers, meeting these regulatory demands can result in increased operational costs and reduced profitability. Moreover, public perception of lead-based products is becoming more cautious, prompting some consumers and businesses to consider alternative, environmentally safer battery options. These factors collectively pressure lead acid battery producers to enhance their sustainability practices while managing costs and maintaining competitiveness in a rapidly evolving market.

Market Opportunities

The Asia Pacific automotive lead acid battery market presents significant growth opportunities, particularly in emerging economies where vehicle ownership continues to rise. Rapid urbanization, growing middle-class populations, and improved road infrastructure in countries such as India, Indonesia, Vietnam, and the Philippines are contributing to increased automotive demand, thereby driving the need for reliable and affordable battery solutions. Lead acid batteries, with their low cost, proven technology, and strong supply chain networks, remain the preferred choice for many consumers and vehicle manufacturers in these markets. Additionally, the dominance of internal combustion engine (ICE) vehicles and the widespread use of two- and three-wheelers across the region further support the sustained demand for lead acid batteries in starting, lighting, and ignition (SLI) applications. As fleet sizes grow, the replacement cycle of automotive batteries also creates recurring aftermarket opportunities for battery manufacturers and suppliers.

Another promising area lies in the integration of start-stop systems and mild hybrid technologies, which require advanced lead acid battery types such as Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM) batteries. These segments are witnessing increased adoption in Asia Pacific, driven by fuel economy regulations and consumer preference for efficient vehicle technologies. Moreover, lead acid batteries continue to play a vital role in electric and hybrid vehicles, serving as auxiliary power sources for critical functions such as lighting, power windows, and braking systems. As automotive electrification advances gradually in the region, particularly in commercial and public transport segments, the role of auxiliary lead acid batteries remains relevant. Additionally, growing awareness around battery recycling and supportive environmental regulations are encouraging investment in sustainable lead acid battery production and disposal systems, opening doors for innovation and collaboration. These factors position the lead acid battery market to capitalize on evolving automotive trends while reinforcing its role in the region’s energy storage landscape.

Market Segmentation Analysis:

By Battery Type:

The Asia Pacific automotive lead acid battery market is segmented into Flooded, Starting, Lighting, and Ignition (SLI), Absorbent Glass Mat (AGM), and Enhanced Flooded Batteries (EFB). Flooded batteries continue to dominate the market due to their affordability, widespread use in entry-level and mass-market vehicles, and easy availability. SLI batteries, which serve essential functions such as starting engines and powering electrical systems, hold a substantial market share, particularly in conventional internal combustion engine (ICE) vehicles. AGM batteries are gaining momentum with the increasing adoption of vehicles equipped with start-stop systems, offering better performance, reduced maintenance, and higher resistance to vibration and cycling. Enhanced Flooded Batteries (EFBs) are also experiencing rising demand as automakers seek alternatives that balance cost with improved cycling performance and compatibility with advanced vehicle technologies. The ongoing shift toward fuel-efficient vehicles and stringent emission norms across Asia Pacific is expected to drive the growth of AGM and EFB segments, while traditional flooded and SLI batteries maintain strong demand in the price-sensitive and aftermarket sectors.

By End Use:

Based on end use, the Asia Pacific automotive lead acid battery market is categorized into passenger cars, light and heavy commercial vehicles, and 2 & 3 wheelers. Passenger cars represent the largest segment, driven by rising vehicle ownership, rapid urbanization, and expanding middle-class populations in countries like China, India, and Indonesia. Lead acid batteries remain the most widely used power source in this segment due to their affordability and compatibility with a wide range of vehicle types. The light and heavy commercial vehicle segment is also growing steadily, supported by infrastructure development, e-commerce expansion, and increased freight movement. These vehicles demand durable, high-capacity batteries, often relying on SLI and EFB solutions. Meanwhile, the 2 & 3 wheeler market presents significant potential in South and Southeast Asia, where these vehicles are essential for affordable transportation. This segment depends heavily on conventional flooded lead acid batteries due to their cost-effectiveness, although gradual electrification may influence future demand patterns. Each end-use segment offers distinct growth avenues based on regional automotive trends and consumer preferences.

Segments:

Based on Battery Type:

Flooded
SLI
Absorbent Glass Mat
Enhanced Flooded Battery

Based on End Use:

Passenger cars
Light and heavy commercial vehicles
2 & 3 Wheelers

Based on Customer:

OEM
Aftermarket

Based on the Geography:

China
Japan
South Korea
India
Australia
Thailand
Indonesia
Vietnam
Malaysia
Philippines
Taiwan
Rest of Asia Pacific

Regional Analysis

China

China dominates the Asia Pacific automotive lead acid battery market, accounting for approximately 35% of the regional market share in 2023. As the world’s largest automotive producer and consumer, China generates strong demand for lead acid batteries across passenger, commercial, and electric vehicles. The country’s extensive vehicle parc and robust aftermarket sector drive substantial replacement battery sales. Additionally, China’s well-established battery manufacturing ecosystem and government support for localized production further strengthen its market position. While the country is advancing rapidly in electric mobility, lead acid batteries remain critical in conventional and hybrid vehicles for start-stop functions and auxiliary power. Increasing investments in recycling infrastructure and regulatory frameworks for sustainable battery usage are expected to maintain the relevance of lead acid technology even as lithium-ion adoption accelerates.

India

India holds the second-largest share in the Asia Pacific market, contributing around 20% in 2023. The country’s fast-growing automotive sector, supported by a rising middle class, expanding vehicle ownership, and urbanization, continues to drive demand for automotive batteries. Lead acid batteries are widely preferred in India due to their affordability and compatibility with two-wheelers, passenger cars, and commercial vehicles. The large unorganized and organized aftermarket ecosystem ensures steady battery replacement demand. Moreover, the government’s “Make in India” initiative and focus on domestic manufacturing have spurred investment in battery production and recycling industries. With a high dependency on internal combustion engine (ICE) vehicles and gradual adoption of EVs, India presents strong short- to mid-term opportunities for lead acid battery manufacturers.

Japan and South Korea

Japan and South Korea together account for approximately 17% of the regional market, with each country demonstrating a mature and technology-driven automotive industry. These nations are home to several major automotive OEMs and battery manufacturers, promoting innovations in enhanced lead acid technologies such as AGM and EFB batteries. Despite high EV penetration in urban areas, lead acid batteries remain integral to traditional vehicles and hybrid systems. Japan’s focus on environmental sustainability and South Korea’s investments in automotive R&D continue to shape the advanced battery landscape. While overall growth in these markets is moderate due to saturation, technological upgrades and replacement demand sustain stable revenues.

Rest of Asia Pacific

The Rest of Asia Pacific, comprising Australia, Thailand, Indonesia, Vietnam, Malaysia, the Philippines, Taiwan, and other emerging markets, holds a significant 29% share. These markets are characterized by growing vehicle ownership, expanding road networks, and a rising need for reliable, cost-effective energy storage. Thailand and Indonesia, in particular, have established themselves as regional manufacturing hubs for automotive components, including batteries. Australia’s market is driven more by replacement demand in commercial fleets and passenger vehicles. Meanwhile, Vietnam, the Philippines, and Malaysia are experiencing steady growth in two-wheeler and entry-level vehicle segments, further supporting demand for conventional lead acid batteries. As these economies develop, they offer promising growth potential for both OEM supply and aftermarket expansion in the lead acid battery sector.

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Key Player Analysis

Camel Group Co., Ltd.
C&D Technologies, Inc.
Clarios
CSB Energy Technology Co., Ltd.
East Penn Manufacturing Company
EnerSys
Exide Industries Ltd.
Tianneng Rechargeable Battery Manufacturers
CENTURY BATTERIES INDONESIA
Leoch International Technology Limited
Johnson Controls
Robert Bosch LLC
Amara Raja Energy & Mobility Limited
THE FURUKAWA BATTERY CO., LTD

Competitive Analysis

The Asia Pacific automotive lead acid battery market is highly competitive, with several leading players dominating the industry. Clarios, Exide Industries Ltd., Amara Raja Energy & Mobility Limited, Camel Group Co., Ltd., EnerSys, East Penn Manufacturing Company, Leoch International Technology Limited stand out as key contributors to market growth. These companies are focused on expanding their manufacturing capacity, enhancing product offerings, and strengthening their distribution networks to cater to the region’s diverse automotive needs. With vehicle ownership on the rise, the need for reliable and cost-effective battery solutions remains high, particularly in entry-level and mid-range vehicles. Additionally, the growing popularity of start-stop systems and advanced battery types, such as Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM), is fueling demand for more efficient and durable energy storage solutions in both OEM and aftermarket sectors. Technological advancements in lead acid batteries, aimed at improving their performance, life cycle, and environmental sustainability, continue to shape the market. Despite the gradual shift towards electric vehicles (EVs), lead acid batteries maintain relevance in hybrid vehicles and serve critical auxiliary functions in fully electric models. As governments across the region push for stricter environmental regulations, there is also an increasing emphasis on battery recycling and sustainable manufacturing practices. These factors collectively contribute to the strong outlook for the Asia Pacific automotive lead acid battery market.

Recent Developments

In November 2024, EnerSys showcased the iQ Mini™ battery monitoring device and maintenance-free NexSys® Thin Plate Pure Lead (TPPL) batteries, which offer longer service life and faster recharge rates.
In July 2024, Exide Industries Ltd. introduced an advanced Absorbent Glass Mat (AGM) battery for Starting, Lighting, and Ignition (SLI) applications in the automotive market. This new battery is designed to deliver enhanced performance, including improved starting power, and potentially longer lifespan compared to traditional lead-acid batteries.
In August 2023, Clarios, a global leader in advanced low-voltage battery manufacturing and recycling, is acquiring Paragon GmbH & Co. KGaA’s power business, which specializes in batteries and battery management systems for the automotive industry. This acquisition enhances Clarios’ engineering capabilities and supports its low-voltage and lithium-ion projects, significantly expanding the team dedicated to developing new low-voltage architectures.
In May 2023, C&D Technologies, Inc. introduced the Pure Lead Max (PLM) VRLA battery, designed for long lifespan and improved performance in UPS and data center applications.
In April 2023, the acquisition of IBCS by EnerSys is a strategic move to expand its motive power services and strengthen its presence in the UK market. This addition will enhance EnerSys’s range of battery-related services, including installation, maintenance, repair, and replacement.

Market Concentration & Characteristics

The Asia Pacific automotive lead acid battery market is moderately concentrated, with a few key players dominating the industry while also allowing space for smaller regional manufacturers. Major global companies such as Clarios, Exide Industries, EnerSys, and Amara Raja Energy & Mobility Limited hold significant market shares, benefiting from their established brand presence, expansive distribution networks, and technological innovations. These leading firms primarily focus on advanced lead acid battery solutions like Absorbent Glass Mat (AGM) and Enhanced Flooded Batteries (EFB) to cater to the rising demand for more efficient, high-performance batteries in vehicles with start-stop systems. The market also features a substantial number of local players, particularly in emerging economies like India and Southeast Asia, who contribute to the affordability and accessibility of lead acid batteries. This dynamic allows for competitive pricing and product differentiation, with a growing emphasis on sustainability and battery recycling technologies in response to environmental regulations.

Report Coverage

The research report offers an in-depth analysis based on Battery Type, End Use, Customer and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The market for automotive lead acid batteries in Asia Pacific is expected to continue growing, driven by increasing vehicle production and rising vehicle ownership across emerging economies.
Technological advancements in lead acid battery design, such as AGM and EFB batteries, will enhance their performance and extend their lifespan, fostering demand in modern vehicles.
The rising adoption of start-stop systems in vehicles will drive the need for more efficient and durable lead acid batteries, especially in mid-range and commercial vehicles.
Despite the growth of electric vehicles, lead acid batteries will continue to serve essential functions in hybrid and internal combustion engine vehicles for auxiliary power.
The aftermarket segment will see steady growth as vehicle fleets expand, leading to increased demand for replacement batteries across the region.
Government policies focusing on sustainability and battery recycling will push manufacturers to invest in eco-friendly battery production and waste management solutions.
Growing demand for energy-efficient and low-maintenance battery options will lead to further innovations in battery technology.
The expanding automotive industries in countries like India, Vietnam, and Indonesia will present significant opportunities for lead acid battery manufacturers.
Increased competition from lithium-ion batteries may impact the market, particularly in electric and hybrid vehicles, but lead acid batteries will maintain a strong presence in non-electric applications.
Regional partnerships and collaborations between manufacturers and local players will strengthen supply chains and improve market penetration in rural and semi-urban areas.

CHAPTER NO. 1 : INTRODUCTION 19

1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.2. Key Benefits for Stakeholders 19

1.3. Target Audience 20

1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Automotive Lead Acid Battery Market Snapshot 21

2.2. Asia Pacific Automotive Lead Acid Battery Market, 2018 – 2032 (USD Million) 22

2.1. Insights from Primary Respondents 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : AUTOMOTIVE LEAD ACID BATTERY MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.3. Driving Factor 1 Analysis 25

4.4. Driving Factor 2 Analysis 26

4.5. Market Restraints 27

4.6. Restraining Factor Analysis 27

4.7. Market Opportunities 28

4.8. Market Opportunity Analysis 28

4.9. Porter’s Five Force analysis 29

4.10. Value Chain Analysis 30

4.11. Buying Criteria 31

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 32

5.1. Company Market Share Analysis – 2023 32

5.1.1. Asia Pacific Automotive Lead Acid Battery Market: Company Market Share, by Revenue & Volume, 2023 32

5.1.2. Asia Pacific Automotive Lead Acid Battery Market: Top 6 Company Market Share, by Revenue & Volume, 2023 32

5.1.3. Asia Pacific Automotive Lead Acid Battery Market: Top 3 Company Market Share, by Revenue & Volume, 2023 32

5.2. Asia Pacific Automotive Lead Acid Battery Market Company Revenue Market Share, 2023 34

5.3. Company Assessment Metrics, 2023 36

5.3.1. Stars 36

5.3.2. Emerging Leaders 36

5.3.3. Pervasive Players 36

5.3.4. Participants 36

5.4. Start-ups /Aftermarket Assessment Metrics, 2023 36

5.4.1. Progressive Companies 36

5.4.2. Responsive Companies 36

5.4.3. Dynamic Companies 36

5.4.4. Starting Blocks 36

5.5. Strategic Developments 37

5.5.1. Acquisitions & Mergers 37

New Product Launch 37

Regional Expansion 37

5.6. Key Players End Use Matrix 38

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 39

6.1. PESTEL 39

6.1.1. Political Factors 39

6.1.2. Economic Factors 39

6.1.3. Social Factors 39

6.1.4. Technological Factors 39

6.1.5. Environmental Factors 39

6.1.6. Legal Factors 39

6.2. Adjacent Market Analysis 39

CHAPTER NO. 7 : AUTOMOTIVE LEAD ACID BATTERY MARKET – BY BATTERY TYPE SEGMENT ANALYSIS 40

7.1. Automotive Lead Acid Battery Market Overview, by Battery Type Segment 40

7.1.1. Automotive Lead Acid Battery Market Revenue Share, By Battery Type, 2023 & 2032 41

7.1.2. Automotive Lead Acid Battery Market Attractiveness Analysis, By Battery Type 42

7.1.3. Incremental Revenue Growth Opportunity, by Battery Type, 2024 – 2032 42

7.1.4. Automotive Lead Acid Battery Market Revenue & Volume, By Battery Type, 2018, 2023, 2027 & 2032 43

7.2. Flooded 44

7.3. SLI 45

7.4. Absorbent Glass Mat 46

7.5. Enhanced Flooded Battery 47

CHAPTER NO. 8 : AUTOMOTIVE LEAD ACID BATTERY MARKET – BY END USE SEGMENT ANALYSIS 48

8.1. Automotive Lead Acid Battery Market Overview, by End Use Segment 48

8.1.1. Automotive Lead Acid Battery Market Revenue Share, By End Use, 2023 & 2032 49

8.1.2. Automotive Lead Acid Battery Market Attractiveness Analysis, By End Use 50

8.1.3. Incremental Revenue Growth Opportunity, by End Use, 2024 – 2032 50

8.1.4. Automotive Lead Acid Battery Market Revenue & Volume, By End Use, 2018, 2023, 2027 & 2032 51

8.2. Passenger cars 52

8.3. Light and heavy commercial vehicles 53

8.4. 2 & 3 Wheelers 54

CHAPTER NO. 9 : AUTOMOTIVE LEAD ACID BATTERY MARKET – BY CUSTOMER SEGMENT ANALYSIS 55

9.1. Automotive Lead Acid Battery Market Overview, by Customer Segment 55

9.1.1. Automotive Lead Acid Battery Market Revenue Share, By Customer, 2023 & 2032 56

9.1.2. Automotive Lead Acid Battery Market Attractiveness Analysis, By Customer 57

9.1.3. Incremental Revenue Growth Opportunity, by Customer, 2024 – 2032 57

9.1.4. Automotive Lead Acid Battery Market Revenue & Volume, By Customer, 2018, 2023, 2027 & 2032 58

9.2. OEM 59

9.3. Aftermarket 60

CHAPTER NO. 10 : AUTOMOTIVE LEAD ACID BATTERY MARKET – ASIA PACIFIC 61

10.1. Asia Pacific 61

10.1.1. Key Highlights 61

10.1.2. Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By Country, 2018 – 2023 (USD Million) (Million Units) 62

10.2. Battery Type 63

10.3. Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By Battery Type, 2018 – 2023 (USD Million) (Million Units) 63

10.4. Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By Battery Type, 2024 – 2032 (USD Million) (Million Units) 63

10.5. End Use 64

10.6. Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By End Use, 2018 – 2023 (USD Million) (Million Units) 64

10.6.1. Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By End Use, 2024 – 2032 (USD Million) (Million Units) 64

10.7. Customer 65

10.7.1. Global Automotive Lead Acid Battery Market Revenue & Volume, By Customer, 2018 – 2023 (USD Million) (Million Units) 65

10.7.2. Global Automotive Lead Acid Battery Market Revenue & Volume, By Customer, 2024 – 2032 (USD Million) (Million Units) 65

10.8. China 66

10.9. Japan 66

10.10. South Korea 66

10.11. India 66

10.12. Australia 66

10.13. Thailand 66

10.14. Indonesia 66

10.15. Vietnam 66

10.16. Malaysia 66

10.17. Philippines 66

10.18. Taiwan 66

10.19. Rest of Asia Pacific 66

CHAPTER NO. 11 : COMPANY PROFILES 67

11.1. Camel Group Co., Ltd. 67

11.1.1. Company Overview 67

11.1.2. End Use Portfolio 67

11.1.3. Swot Analysis 67

11.2. Business Strategy 68

11.3. Financial Overview 68

11.1. Camel Group Co., Ltd. 69

11.2. C&D Technologies, Inc. 69

11.3. Clarios 69

11.4. CSB Energy Technology Co., Ltd. 69

11.5. East Penn Manufacturing Company 69

11.6. EnerSys 69

11.7. Exide Industries Ltd. 69

11.8. Tianneng rechargeable battery manufacturers 69

11.9. CENTURY BATTERIES INDONESIA 69

11.10. Leoch International Technology Limited 69

11.11. Johnson Controls 69

11.12. Robert Bosch LLC 69

11.13. Amara Raja Energy & Mobility Limited 69

11.14. THE FURUKAWA BATTERY CO., LTD 69

11.15. Others 69

List of Figures

FIG NO. 1. Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for Asia Pacific Automotive Lead Acid Battery Market 29

FIG NO. 3. Value Chain Analysis for Asia Pacific Automotive Lead Acid Battery Market 30

FIG NO. 4. Company Share Analysis, 2023 32

FIG NO. 5. Company Share Analysis, 2023 32

FIG NO. 6. Company Share Analysis, 2023 33

FIG NO. 7. Automotive Lead Acid Battery Market – Company Revenue Market Share, 2023 34

FIG NO. 8. Automotive Lead Acid Battery Market – Company Volume Market Share, 2023 35

FIG NO. 9. Automotive Lead Acid Battery Market Revenue Share, By Battery Type, 2023 & 2032 41

FIG NO. 10. Market Attractiveness Analysis, By Battery Type 42

FIG NO. 11. Incremental Revenue Growth Opportunity by Battery Type, 2024 – 2032 42

FIG NO. 12. Automotive Lead Acid Battery Market Revenue & Volume, By Battery Type, 2018, 2023, 2027 & 2032 43

FIG NO. 13. Asia Pacific Automotive Lead Acid Battery Market for Flooded, Revenue (USD Million) 2018 – 2032 44

FIG NO. 14. Asia Pacific Automotive Lead Acid Battery Market for SLI, Revenue (USD Million) 2018 – 2032 45

FIG NO. 15. Asia Pacific Automotive Lead Acid Battery Market for Absorbent Glass Mat, Revenue (USD Million) 2018 – 2032 46

FIG NO. 16. Asia Pacific Automotive Lead Acid Battery Market for Enhanced Flooded Battery, Revenue (USD Million) 2018 – 2032 47

FIG NO. 17. Automotive Lead Acid Battery Market Revenue Share, By End Use, 2023 & 2032 49

FIG NO. 18. Market Attractiveness Analysis, By End Use 50

FIG NO. 19. Incremental Revenue Growth Opportunity by End Use, 2024 – 2032 50

FIG NO. 20. Automotive Lead Acid Battery Market Revenue & Volume, By End Use, 2018, 2023, 2027 & 2032 51

FIG NO. 21. Asia Pacific Automotive Lead Acid Battery Market for Passenger cars, Revenue (USD Million) 2018 – 2032 52

FIG NO. 22. Asia Pacific Automotive Lead Acid Battery Market for Light and heavy commercial vehicles, Revenue (USD Million) 2018 – 2032 53

FIG NO. 23. Asia Pacific Automotive Lead Acid Battery Market for 2 & 3 Wheelers, Revenue (USD Million) 2018 – 2032 54

FIG NO. 24. Automotive Lead Acid Battery Market Revenue Share, By Customer, 2023 & 2032 56

FIG NO. 25. Market Attractiveness Analysis, By Customer 57

FIG NO. 26. Incremental Revenue Growth Opportunity by Customer, 2024 – 2032 57

FIG NO. 27. Automotive Lead Acid Battery Market Revenue & Volume, By Customer, 2018, 2023, 2027 & 2032 58

FIG NO. 28. Asia Pacific Automotive Lead Acid Battery Market for OEM, Revenue (USD Million) 2018 – 2032 59

FIG NO. 29. Asia Pacific Automotive Lead Acid Battery Market for Aftermarket, Revenue (USD Million) 2018 – 2032 60

FIG NO. 30. Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, 2018 – 2032 (USD Million) 61

List of Tables

TABLE NO. 1. : Asia Pacific Automotive Lead Acid Battery Market: Snapshot 21

TABLE NO. 2. : Drivers for the Automotive Lead Acid Battery Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Automotive Lead Acid Battery Market: Impact Analysis 27

TABLE NO. 4. : Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By Country, 2018 – 2023 (USD Million) (Million Units) 63

TABLE NO. 5. : Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By Country, 2024 – 2032 (USD Million) (Million Units) 63

TABLE NO. 6. : Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By Battery Type, 2018 – 2023 (USD Million) (Million Units) 64

TABLE NO. 7. : Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By Battery Type, 2024 – 2032 (USD Million) (Million Units) 64

TABLE NO. 8. : Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By End Use, 2018 – 2023 (USD Million) (Million Units) 65

TABLE NO. 9. : Asia Pacific Automotive Lead Acid Battery Market Revenue & Volume, By End Use, 2024 – 2032 (USD Million) (Million Units) 65

TABLE NO. 10. : Global Automotive Lead Acid Battery Market Revenue & Volume, By Customer, 2018 – 2023 (USD Million) (Million Units) 66

TABLE NO. 11. : Global Automotive Lead Acid Battery Market Revenue & Volume, By Customer, 2024 – 2032 (USD Million) (Million Units) 66

Frequently Asked Questions

What is the current size of the Asia Pacific Automotive Lead Acid Battery?

The Asia Pacific Automotive Lead Acid Battery market was valued at USD 6,225.20 million in 2023 and is projected to reach USD 14,028.67 million by 2032, growing at a CAGR of 9.4%.

What factors are driving the growth of the Asia Pacific Automotive Lead Acid Battery?

Key drivers include rising vehicle production, strong aftermarket demand, adoption of start-stop systems, and favorable government policies.

What are some challenges faced by the Asia Pacific Automotive Lead Acid Battery?

Challenges include rising competition from lithium-ion batteries, environmental concerns, and tightening regulatory standards for recycling and emissions.

Who are the major players in the Asia Pacific Automotive Lead Acid Battery?

Major players include Clarios, Exide Industries Ltd., Amara Raja Energy & Mobility Limited, Camel Group, EnerSys, and Leoch International Technology Limited.

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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